Bethany College

Analysis

Bethany College is a registered charity in United States, based in Bethany, WV. It received its IRS tax-exemption ruling in November 1947, 79 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bethany College reported income of $34.1m and spending of $40.0m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.3m to $34.1m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bethany College sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WV. Charities of a similar size with the same main cause include Odyssey Charter School Inc ($34.1m), Csula Auxiliary Services Inc ($34.1m) and Early Learning Coalition of Indian River Martin & Okeechobee Counties ($34.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $304k (0.8% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $85.1m against liabilities of $50.9m, net assets of $34.2m. It reported 494 employees.